Score Big With Hidden First Time Homebuyer Grants

Types of First-Time Homebuyer Grants

There are several types of grants available, each with its own set of eligibility requirements and benefits. Some popular options include:

• Federal Grants: Programs like the Federal Housing Administration (FHA) provide grants and loans to first-time homebuyers. The FHA's Down Payment Assistance Program, for instance, offers grants that can cover a portion of the down payment².
• State and Local Grants: Many states and local governments offer grants tailored to their residents. For example, the California Housing Finance Agency (CalHFA) provides down payment assistance for eligible buyers³.
• Nonprofit and Private Grants: Organizations like Habitat for Humanity offer grants and assistance to those who qualify based on income and other factors⁴.